Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Insurer Groups Say Windstorm Issue Must be Addressed in Texas
Jun 2 2011 // The Texas Legislature, which adjourned its regular session on May 30, passed a number of bills of interest to the property and casualty insurance industry, including tort reform legislation and a measure requiring that...
A.M. Best Downgrades Ratings of State Auto Insurance Companies
Jun 2 2011 // A.M. Best Co. has downgraded the financial strength rating (FSR) to A (Excellent) from A+ (Superior) and issuer credit ratings (ICR) to “a+” from “aa-” of Columbus, Ohio-based State Auto Insurance...
Insurance Company Says Tennessee Gay Couple Burned Own Home
May 31 2011 // The company that insured a lesbian couple’s home claims the women set a fire that destroyed it. Carole Ann Stutte and Jean Stutte of Vonore filed a lawsuit in February, claiming a former neighbor was responsible for...
Insurers Eye Rate Increases as Hurricane Season Approaches
May 26 2011 // Property and casualty insurers craving respite from a long-running drop in prices are eyeing the start of the U.S. hurricane season next week in the hope that summer windstorms will finally turn the market. The June 1 to...
Website Helps Homeowners Manage Property, Connect to Insurers, Contractors
May 26 2011 // YourHomeStuff, a community connecting website designed specifically for homeowners has launched at www.yourhomestuff.com. YourHomeStuff simplifies the process of maintaining and protecting a home, and managing family and...
Agents’ Use of Real-Time Upload Rises, Study Reveals
May 25 2011 // The number of independent agents using real-time upload increased 16 percentage points from 2009 to 2011, says a new industry study. In IVANS’ 2009 Insurance Agents, Carriers & Technology Survey, only 36 percent...
Insurers Moving Quickly in Response to Violent Midwest Weather
May 24 2011 // Auto, home and business insurers have launched a broad response to the recent tornadoes that caused severe loss of life and extensive property damage in Joplin, Mo., Reading, Kan., and Minneapolis, Minn., insurance...
P/C Insurers Facing Record Losses from Weather
May 24 2011 // Devastating tornadoes, floods, earthquakes overseas and a busier-than-usual hurricane season have U.S. insurance companies bracing for record losses in 2011. Insurers could suffer as much as $10 billion from...
Keystone Insurers Adds 22nd Kentucky Agency
May 23 2011 // Linville Insurance Agency Inc. of Berea has become Keystone Insurers Group’s newest franchise partner in Kentucky. This brings the total number of Keystone’s franchises in the state to 22. The agency has...
Late April Tornadoes Likely to Affect P/C Insurers’ Earnings, Not Capital
May 23 2011 // The deadly outbreak of tornadoes in late April, which generated insured losses estimated at as much as $6 billion, is unlikely to have an immediate impact on property/casualty insurers’ Best’s ratings. The...
German Insurer Organized Orgy for Best Salesmen
May 23 2011 // A German insurance company says it organized an orgy with prostitutes in a renowned Hungarian spa to reward its best salesmen. A spokesman for Ergo insurance said one of its subsidiaries had organized the party in...
U.S. Refuses to Pay Michigan Insurer for Ferrari Wrecked by FBI Agent
May 23 2011 // The U.S. Justice Department has refused to pay $750,000 to a Michigan insurance company for a Ferrari that was wrecked in Kentucky while driven by an FBI agent. In a recent response to a lawsuit in Detroit, the Justice...
Colo. Court: Insurer Can’t Be Sued By Another Insurer for Failing to Cancel Policy
May 20 2011 // A Colorado Court of Appeal has ruled that an insurer cannot file suit against another insurer for its failure to cancel a policy. According to court documents in First Comp Insurance v. Industrial Claim Appeals Office of...
Catlin Stokes Broker Compensation Controversy
May 20 2011 // The simmering compensation conflict between London’s broker community and the underwriters they work with erupted following a keynote speech given by the Catlin Group’s chief executive Stephen Catlin this week...
Best Performing Mid-Sized Commercial Insurers: SNL
May 19 2011 // Medical malpractice insurers rank high when it comes to best performers in the mid-sized commercial insurance arena. Medical liability insurers placed in eight of the top 20 slots, according to SNL Financial’s...
Ryan Specialty Group to Buy Lloyd’s Insurer Jubilee
May 18 2011 // Chicago-based insurance holding company Ryan Specialty Group, LLC (RSG) has agreed to acquire specialist Lloyd’s insurer Jubilee Group Holdings Limited. Jubilee Group Holdings owns Jubilee Managing Agency Limited and...
Florida Gov. Scott Signs Property Insurance Cost Control Bill
May 17 2011 // Florida Gov. Rick Scott has signed into law legislation that promises to lower costs for the state’s property insurers, including what they pay on sinkhole claims. While the memory of former Governor Charles...
Feliciano Named VP of California Insurer Association
May 17 2011 // The Association of California Insurance Companies (ACIC) has named Armand Feliciano vice president. He has 17 years of legal, regulatory and legislative advocacy experience in California. He will be responsible for...
P/C Insurers Take Hit in Q1 as Hurricane Season Approaches
May 16 2011 // The U.S. property/casualty (P/C) industry took a beating from record first quarter 2011 catastrophe losses, and recent earnings announcements from global reinsurers illustrate the damage those losses did to earnings and...
Agents View Carrier Consistency of Product, Price Critical in Relationship
May 16 2011 // Nearly half of independent insurance agents and brokers believe it is most important to their carrier relationships that companies are consistent in product and pricing in the marketplace, a new study co-sponsored by...
